Prepare a 300350-word answer for each question 1. Explain how each of the following will affect the price of the Canadian dollar. US interest rates fall below Canadian interest rates. The number of foreign tourists heading to Banff National Park in Alberta increases. An American auto manufacturer buys $20 million in auto parts from a Canadian company. Prices in Canada begin to fall more rapidly than prices in the rest of the world. 2. (a) In the early 2000s, Russia cut tax rates for individuals and corporations, and government tax revenues surgeuvd. Why? Does this result suggest that the IMF policy prescriptions were wrong? (b) Why did Mutharika resist IMF calls for Malawis currency devaluation? Assuming that he did not change his position, if he had lived and remained in power, what do you think would have happened to the economy of Malawi? 3. In 20082009, the world economy retrenched in the wake of a global financial crisis. Did the globalization of capital markets contribute to this crisis? If so, what can be done to stop global financial contagion in the future? 4. (a) What might Billabong have done to better protect itself against the unanticipated rise in the value of the Australian dollar that occurred in 2009? (b) The Australian dollar continued to rise by another 20% against the U.S. dollar between 2010 and 2012. How would this have affected Billabong? Is there anything that Billabong might have done to limit its long-term economic exposure to changes in the value of the currency in its largest export market?